Nissan Motor cuts jobs as US sales tumble
Friday, 31 October 2008
TOKYO, Oct 30 (AFP): Nissan Motor Co. said today it was cutting 780 jobs and a Toyota subsidiary said it was also considering layoffs as part of efforts to cope with a shrinking US market.
Nissan, Japan's third-largest automaker, will not be renewing contracts for about 40 per cent of its 2,000 contract workers at its domestic plants, a company spokeswoman said.
Hino Motors Ltd., an affiliate of Toyota Motor Corp., separately said it was reviewing the number of workers at its Hamura plant in Tokyo after production there nearly halved.
Nissan, Japan's third-largest automaker, will not be renewing contracts for about 40 per cent of its 2,000 contract workers at its domestic plants, a company spokeswoman said.
Hino Motors Ltd., an affiliate of Toyota Motor Corp., separately said it was reviewing the number of workers at its Hamura plant in Tokyo after production there nearly halved.